Xponance Inc. Purchases 218 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Xponance Inc. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,291 shares of the software company’s stock after purchasing an additional 218 shares during the quarter. Xponance Inc.’s holdings in Autodesk were worth $14,569,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ADSK. Starboard Value LP purchased a new position in shares of Autodesk during the 3rd quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Autodesk during the 3rd quarter valued at about $20,087,000. Finally, Bank of Montreal Can lifted its position in shares of Autodesk by 8.7% during the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after buying an additional 73,363 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADSK. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. KeyCorp boosted their price target on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. Finally, Citigroup lowered their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Performance

Shares of Autodesk stock opened at $259.95 on Wednesday. The stock’s fifty day moving average is $287.48 and its two-hundred day moving average is $287.83. The company has a market capitalization of $55.37 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.